A drug task force seized $222,650 from an Alton man after selling 44 pounds of marijuana to him — and now prosecutors want the money forfeited, according to court records.
Agents with the Metropolitan Enforcement Group of Southwestern Illinois conducted an undercover marijuana delivery to 61-year-old Jeffrey Izard at his Alton residence May 5, according to an affidavit filed by MEGSI agents.
During that exchange, police say they sold the man 44 pounds of marijuana for $101,220. Once the transaction was complete, agents raided his home to find an additional 50 pounds of marijuana and another $121,430 in cash.
Marc Asbury, an agent with the regional drug task force, wrote that Izard admitted to officers he sells cannabis and has paid $10,000 for 5 pounds of the drug.
Madison County Assistant State’s Attorney Joseph Yancey filed a request this week seeking forfeiture of the cash. In that motion, he argued the money should be relinquished to the police because it was found in close proximity to illegal drugs, because the person in possession of the money has a criminal history involving drugs and because the amount seized substantial and inexplicable by Izard.
According to Madison Count court records, Izard is facing one charge of possessing more than 5,000 grams of cannabis, a class 1 felony.
A judge reduced his bail from $500,000 to $250,000. Records indicate Izard posted the $25,000 in cash for his release on bond May 8.
A preliminary hearing in the criminal case is set for May 26.